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What is the difference between economic and free goods?
The difference between free and economic goods is the fact that, free goods don't cost us anything to be able to have and economic goods cost us to be able to get that service or good.
What is the difference between economic systems and economic activities?
Distinguish between economics activities and economics system
When markets or governments make economic decisions about what goods and sevices their resources will be used to make what basic economic question are they answering?
In market-based economies, markets determine prices which will answer the three economic questions
Why selling goods and services is important?
Business need to sell good and sevices to staying in operation
What is the difference between an economic and physical trade Barrier?
A economic trade barrier has something to do with the price of goods for example a tariff, but on the other hand a physical trade barrier blocks something like an embargo or blockade.
What is the difference between economic and free goods?
The difference between free and economic goods is the fact that, free goods don't cost us anything to be able to have and economic goods cost us to be able to get that service or good.
What is the difference between economic systems and economic activities?
Distinguish between economics activities and economics system
When markets or governments make economic decisions about what goods and sevices their resources will be used to make what basic economic question are they answering?
In market-based economies, markets determine prices which will answer the three economic questions
Why selling goods and services is important?
Business need to sell good and sevices to staying in operation
Difference between expenditure on final goods and expenditure on intermediate goods?
The difference between intermediate goods and final goods is in their nature. Intermediate goods are finished goods which can be used to make other good like wool. The final goods are sold to consumers like a woolen coat.
What are the difference between white goods and brown goods of LG?
the color
The difference between revenue from sales and cost of goods sold?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
What is the difference between an economic and physical trade Barrier?
A economic trade barrier has something to do with the price of goods for example a tariff, but on the other hand a physical trade barrier blocks something like an embargo or blockade.
What is a difference between freight and logistics?
The difference between freight and logistics is their meanings. Logistics manages the flow of goods, while freight refers to goods.
What is difference between merit and mixed goods?
Yes
What is the difference between inferior and normal goods?
Cheese
How does scarcity relate to this good or service?
Scarcity of goods and sevices will drive the related prices up and result in increased demand.
